Will Bihar Trump survive? Exports of business people in tension, greater concerns about the loss of crores - will be saved Bihar from Trumps Tarif experts are tense concerts striping with the loss of Broes
Digital desk, Patna. US President Donald Trump’s announcement on the introduction of a 25 percent tariff on imports from India has also increased the tensions of Bihar’s export traders. Although the final decision has not yet been made on the tariff, the state enterprises began working on their ‘Plan B’. Also in Bihar, the effect of Trump’s tariff can be seen, and the concern of the state’s export traders has increased. Explain that it can have a significant impact on the export of agricultural products such as Makhana, Lychee, Mango and turmeric. Here Trump targeted New -Delhi and his business partner Moscow just a few hours after his announcement. Trump also said he didn’t care about India’s business transactions with Russia and that the two could abandon their dead economies together. Trump’s statement is not Bihar either; The concerns of traders across the country have increased. Let us know here what Trump’s tariff will have on Bihar? How will farmers and traders be affected from Bihar? Makhana and Litchi exports run the risk of falling: Trump’s tariff could raise their prices in America, which could reduce demand and decline in exports. Increase in prices: Rates can increase the prices of Makhana and Litchi in the US, causing these products to become less competitive in the US market. Exports are dropping: If the demand in the US is low, exports can fall, causing damage to Bihar farmers and traders. Which areas will have the most impact? Textile industry: Trump’s tariff could have a significant impact on the Indian textile industry because America is a major import of clothing from India. Jewelry and pharmaceutical: Rates can also affect these areas, as the prices of these products in the US may increase. Agricultural Products: Rate can also be affected on the export of agricultural products such as Makhana, Litchi, Mango and Turmeric. What will be the solution? Look for alternative markets: Bihar exporters can look for alternative markets where there is no tariff or less. Variety in products: Exporters can reduce the impact of rates by bringing diversity into products and developing new products. Government help: The government can assist exporters, such as providing subsidy or other assistance to reduce the effect of rates. We will not have much effect, this export is much less than imports. It will not affect much of this. Lychee producers are not very dependent, they are also exported in other countries. Subsidy or other assistance will be provided to lower the rate when the consequences are affected. Satyadev Prasad, chair of the Chamber of Commerce, Buxar food item should not be that tax. For this, if the board is formed and the body corporate is made, which will relieve us. Therefore, the government should not only provide market facilities here, and more countries should be talked about exports so that we will remain a market of people. RITESH CHAUDHARY, MAKHANA BUSINESS, KATIHAR